Ravens GM Eric DeCosta said he is “optimistic” about reaching a contract extension with Lamar Jackson.

02 September 2026

DeCosta also said he wants to get a deal done as soon as possible. Jackson currently has two seasons left on his five-year, $260 million contract. His cap hit for the 2026 season is a comfortable $34.4 million. That number balloons to $84.3 million next year. A new deal would help the Ravens spread Jackson’s cap hit over multiple seasons. Jackson is no longer one of the 10 highest-paid quarterbacks by average annual value, so he should also want to get a new deal on the books. It makes sense for both sides to come to an agreement sooner rather than later, ideally before the start of the season.